The Dow is this site up 13 points, the S&P 500 is up 2 points, and the Nasdaq is up 2 points. Markets on Thursday are focused on the disappointing economic data out of Europe overnight. Second-quarter GDP in the eurozone was flat compared with the first quarter’s. Expectations were for the economic bloc’s economies to grow 0.1% collectively. Some of the biggest economies in the eurozone, including France and Germany , were among the most disappointing in the report. In the U.S., weekly initial jobless claims rose 21,000 to 311,000, missing expectations for a reading of 295,000.
Emerging Stocks Head for Biggest Weekly Advance in Four Months – Bloomberg
Traders said Putin’s remarks that Russia would stand up for itself but not at the cost of confrontation with the outside world, had eased pressure on the market. U.S. Treasury yields remained close to recent lows. The 10-year note yielded 2.394 percent, unchanged from the New York close.
Stocks Showing A Lack Of Direction In Early Trading – U.S. Commentary – NASDAQ.com
The gauge has risen this week after data showed inflation was subdued last month, giving policy makers more scope to ease policy. The government also reported weaker-than-estimated credit growth and industrial production. The Hang Seng China Enterprises Index of mainland companies listed in Hong Kong added 0.5 percent, increasing its weekly rally to 2.7 percent. Seven out of 10 industry groups in the emerging-markets measure rose, led by telecom shares. China Mobile, the worlds largest carrier by users, jumped 5.2 percent.
Stocks, bonds set for weekly gain on loose policy – Yahoo Finance
Most of the major sectors are showing only modest moves in early trading, contributing to the lack of direction being shown by the broader markets. Gold stocks are seeing significant strength, however, with the NYSE Arca Gold Bugs Index climbing by 1.2 percent. The strength in the sector comes amid a modest increase by the price of gold. In overseas trading, stock markets across the Asia-Pacific region turned in yet another mixed performance on Thursday. Japan’s Nikkei 225 Index advanced by 0.7 percent, while Hong Kong’s Hang Seng Index fell by 0.4 percent.